Zobrazeno 1 - 10
of 15
pro vyhledávání: '"Patrick C. Higgins"'
We study the impacts of the 2009 monetary stimulus and its interaction with infrastructure spending on credit allocation. We develop a two-stage estimation approach and apply it to China's loan-level data that covers all sectors in the economy. We fi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e0919d46194656dc87d7efbf8566163f
https://doi.org/10.3386/w27763
https://doi.org/10.3386/w27763
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Federal Reserve Bank of Atlanta, Working Papers.
Lending standards are a direct measure of credit conditions. We use the micro data merged from three separate sources to construct this measure and document that an uncertain macroeconomic outlook, rather than banks' balance sheet positions, was an i
Publikováno v:
China Economic Review. 41:46-61
Although macroeconomic forecasting forms an integral part of the policymaking process, there has been a serious lack of rigorous and systematic research in the evaluation of out-of-sample model-based forecasts of China's real GDP growth and CPI infla
Autor:
Alan J. Auerbach, Michael Leiseca, David Altig, Darryl R. Koehler, Yifan Ye, Patrick C. Higgins, Ellyn Terry, Laurence J. Kotlikoff
Publikováno v:
Federal Reserve Bank of Atlanta, Working Papers.
The Tax Cuts and Jobs Act of 2017 (TCJA) significantly changed federal income taxation, including limiting SALT (state and local property, income, and sales taxes) deductibility to $10,000. We esti...
Publikováno v:
Business and Economic Research. 9:157
This paper demonstrates the difficulty of forecasting labor force participation (LFP) rates by showing that a random walk does just as well as select sophisticated econometric models in predicting short-term aggregate LFP. Most efforts to improve for
China monetary policy, as well as its transmission, is yet to be understood by researchers and policymakers. In the spirit of Taylor (1993, 2000), we develop a tractable framework that approximates practical monetary policy of China. The framework, g
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::563b31e9290199998671107c61e4bc4f
https://doi.org/10.3386/w22650
https://doi.org/10.3386/w22650
Publikováno v:
International Journal of Finance & Economics. 12:225-247
A vast literature on the effects of sterilized intervention by the monetary authorities in the foreign exchange markets concludes that intervention systematically moves the spot exchange rate only if it is publicly announced, coordinated across count
In February 1994, the FOMC began a new era in transparency, gradually building a communications apparatus that conveys information about the Committee’s decisions and expectations. Has the new apparatus improved the public’s ability to predict FO
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::5e9c8bc73e03172e84c317f11c4e1685